Apollo Global Management Inc. $APO Stock Purchased by Prime Capital Investment Advisors LLC

by · The Markets Daily

Prime Capital Investment Advisors LLC boosted its position in Apollo Global Management Inc. (NYSE:APO – Free Report) by 61.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,011 shares of the financial services provider’s stock after purchasing an additional 18,317 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Apollo Global Management were worth $5,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GM Advisory Group LLC lifted its holdings in Apollo Global Management by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 108 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Apollo Global Management by 14.5% in the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock valued at $103,000 after buying an additional 117 shares during the period. International Assets Investment Management LLC increased its stake in shares of Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock valued at $349,000 after buying an additional 119 shares during the period. Chickasaw Capital Management LLC raised its position in shares of Apollo Global Management by 4.7% during the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 120 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in shares of Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 131 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Evercore upped their target price on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Royal Bank Of Canada raised their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Morgan Stanley dropped their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Piper Sandler dropped their price target on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Rothschild & Co Redburn upped their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Get Our Latest Research Report on APO

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Up 0.4%

Shares of NYSE:APO opened at $111.36 on Wednesday. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 0.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The business’s 50-day moving average is $125.77 and its 200-day moving average is $125.23. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29.

Apollo Global Management (NYSE:APO – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities research analysts predict that Apollo Global Management Inc. will post 7.99 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Apollo Global Management Company Profile

(Free Report)

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

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